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Leases (Tables)
 12 Months Ended
Apr. 30, 2024
Leases [Abstract]  
Right-of-use assets and lease liabilities recognized in the Consolidated Balance Sheet
The following table sets forth the right-of-use assets and lease liabilities recognized in the Consolidated Balance Sheets.
Year Ended April 30,
20242023
Operating lease right-of-use assets$174.6 $103.0 
Operating lease liabilities:
Current operating lease liabilities$40.5 $33.2 
Noncurrent operating lease liabilities
143.5 77.2 
Total operating lease liabilities$184.0 $110.4 
Finance lease right-of-use assets:
Machinery and equipment
$18.7 $7.7 
Accumulated depreciation
(8.0)(4.4)
Total property, plant, and equipment$10.7 $3.3 
Finance lease liabilities:
Other current liabilities
$2.8 $1.2 
Other noncurrent liabilities
8.3 2.2 
Total finance lease liabilities$11.1 $3.4 
Components of lease expense
The following table summarizes the components of lease expense.
Year Ended April 30,
202420232022
Operating lease cost$49.7 $42.2 $43.8 
Finance lease cost:
Amortization of right-of-use assets 3.4 1.6 2.0 
Interest on lease liabilities
0.6 0.1 0.1 
Variable lease cost23.7 24.9 21.6 
Short-term lease cost44.3 44.5 43.5 
Total lease cost (A)
$121.7 $113.3 $111.0 
(A)Total lease cost does not include sublease income, which is immaterial for all years presented.
Cash flow and noncash information related to leases
The following table sets forth cash flow and noncash information related to leases.
Year Ended April 30,
202420232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases
$49.2 $44.3 $45.6 
Operating cash flows from finance leases 0.5 0.1 0.1 
Financing cash flows from finance leases
3.3 1.7 2.1 
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases98.4 37.9 7.2 
Finance leases
10.9 1.5 1.8 
Maturity of operating lease liabilities by fiscal year
The following table summarizes the maturity of our lease liabilities by fiscal year.
April 30, 2024
Operating LeasesFinance Leases
2025$47.9 $3.2 
202644.3 2.9 
202725.6 2.5 
202817.6 2.3 
202916.4 0.9 
2030 and beyond60.5 0.5 
Total undiscounted minimum lease payments $212.3 $12.3 
Less: Imputed interest28.3 1.2 
Lease liabilities $184.0 $11.1 
Maturity of finance lease liabilities by fiscal year
The following table summarizes the maturity of our lease liabilities by fiscal year.
April 30, 2024
Operating LeasesFinance Leases
2025$47.9 $3.2 
202644.3 2.9 
202725.6 2.5 
202817.6 2.3 
202916.4 0.9 
2030 and beyond60.5 0.5 
Total undiscounted minimum lease payments $212.3 $12.3 
Less: Imputed interest28.3 1.2 
Lease liabilities $184.0 $11.1 
Weighted average remaining lease tern and discount rate
The following table sets forth the weighted average remaining lease term and discount rate.
Year Ended April 30,
20242023
Weighted average remaining lease term (in years):
Operating leases
6.24.8
Finance leases 4.33.1
Weighted average discount rate:
Operating leases4.3 %3.3 %
Finance leases
4.8 %2.4 %